Technical Analyst, Ashwani Gujral is of the vision that Ambuja Cement has target of Rs 155.

Gujral said, “Ambuja Cement at this point probably looks a little better although large cap cement is not showing the kind of moves that mid cap cement is showing. For Ambuja Cement Rs 130 seems to be a good support, and Rs 155 can be a good target. But large caps don’t seem like they are going to make new highs, they seem to get stuck and some bad news tends to come whenever they retest their previous highs.”

Technical Analyst, Ashwani Gujral is of the vision that GMR Infrastructure can surely test Rs 1000.

Gujral told, “GMR Infrastructure is going through its normal correction and now it’s beginning to move up. If it can stay above Rs 850 sort of region, we could go back to Rs 1,000 probably further in case the market also turns.”

He is fully confident that the stock will touch this level in near future. So he has suggested the investors to hold up the stock to make a good profit. It is also important to watch every moment of the stock. Don’t worry, if the stock goes below its existing level.

According to Technical Analyst Ashwani Gujral, Reliance Energy can surely touch Rs 900. He suggests investors to hold the stock for hefty gains within few months.

Gujral told, “Hindalco remained a weak sort of metals stock and it’s probably in a range of Rs 145 to about Rs 185. Metals overall have weakened, commodity prices have taken ahead because of all of this.”

B Sahu, Khandwala Securities said that today market being knocking down by 96 points was estimable for the market as alteration is long overdue. Overall money flow in the market is fine, FIIs are pouring in money in the markets since last few trading sessions.

According to him, this is the moment for re-balancing and reshuffling the range. He commends investors to gather stocks of companies that are expected to nurture in coming future.

“It is moment to select your sector and stock,” said Mr. Sahu.

He also added that overall market trend is cheerful and optimistic. Tomorrow (July 26) is a decisive day for market because of F&O expiry. So, investors should watch out for global cues for Thursday`s trading session.

Mr. Mohindar said: “Real estate and infrastructure these are –these are spaces that we linked. On declines we are looking at buying opportunities. We have been commending Unitech for some time, Rs 620-650. Those are the medium term and long term targets respectively. I think the intra-day correction that we have seen today is really an opportunity to buy. There is very big support at about Rs 550 for this stock. So, Unitech would be one, which we will pick in real estate.”

• Revenue was Rs 18, 302 million, YoY increase of 26.8% and a sequential increase of 2.9%.
• Net Profit after Tax was Rs 3,783 million, YoY growth of 6.9% and a sequential fall of 3.9%.
• EPS was Rs 5.7, a YoY increase of 4.4% and a sequential fall of 3.9%.

According to market analyst Abhay Aima that markets will take signals from Q1FY08 results.
Mr. Aima also said that existing interest rates would not restrain the growth.
The main determining factor for market actions in the near-term will be liquidity. Markets are not overvalued and not very cheap either.
Though, the rising rupee would not impact companies with sturdy fundamentals.

The BSE Mid-Cap Index has made fresh all-time highs during this intermediate uptrend. It augmented 33.71 points, or 0.53%, to end at 6,417.90. It also hit a record high of 6435.32 during the day.
The components taking the BSE Mid-Cap Index to an upper rank include Entertainment Network, which increased 20% to Rs 506.60, Novartis India gained 14.42% to Rs 398.30, Honeywell Automation boosted 9.81% to Rs 2060, Lakshmi Energy benefited 9.19% and Titan Industries attained 8.78%. But all these stocks have less than 1% weightage each in the BSE Mid-Cap index.
With the second highest weightage of 1.4% in the BSE Mid-Cap index, GE shipping Company cast off 3.45% to Rs 335.90.

According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.

Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65
In the past fe sessions, the overall proceeds on NSE’s F&O division has been gaining ground. Today, it came up to Rs 41,733.11 crore than Rs 37,415.18 crore on 19 June 2007.

The Nifty July 2007 futures settled at 4235.10, a discount of 13.55 as compared to spot closing of 4248.65
SBI June 2007 futures settled at a premium, at 1435, compared to the spot closing of Rs 1428.25.
Reliance Capital June 2007 futures settled at a premium, at 1112.90, compared to the spot closing of Rs 1111.